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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 7,152Posts
    • 72,772Thanks
    greent
    greent's mfw journey
    • #1
    • 26th Mar 10, 2:46 PM
    greent's mfw journey 26th Mar 10 at 2:46 PM
    Afternoon all!

    I have been inspired after reading lots of the diaries on here to join in.

    Background: OH and I are both 40. Have 4 children (12, almost 10, 4 and 10 months) OH was made redundant twice last year and recently started working as a contractor on a daily rate (4 month contract, may be extended a little) - so we now have a limited co of which we are both directors. I no longer work. We have a BTL property on which we have an interest only mtge and will clear that by selling the property (only bought for capital gain, not income, purposes) BTL property has long term tenant in. Rent covers mtge and buildings insce and repairs/ renewals with a small excess - but not much.However, it's on a fixed rate and takes care of itself.

    MFW relates to our home. Bought in Oct 2005 for 277k, 130k mtge over just under 16 years (kept previous end date) Since then we have added a further 30k to the mtge for a loft conversion (needed due to the no of children!!) that cost approx 35k. We have also spent 20k+ on a bespoke fitted kitchen and building work - but financed that from savings/ income. And decorated and new carpets (previous owners ran out of money and had to sell, so place was full of stuff to do, even though it's still only 11 years old!) Some overpayments have been made, as can be seen from the overall balance.


    OUr mtge is with C&G. I have a statement for balances as at 31/12/09:
    (Balance as at 31/01/2009 was £124 616, so we reduced the balance by just under 20k last year)
    Sub Account 01
    Term remaining 12 years and 7 months.
    Fixed rate 4.79% - until 30/09/10
    Balance £79512.27

    Sub Account 02
    Term remaining 13 years 1 month
    Fixed rate 3.99% until 30/04/11
    Balance £25423.78

    Sub Account 03
    Term remaining 12 years and 7 months
    Fixed rate 4.79% until 30/09/10
    Balance £33.32


    TOTAL BALANCE: £104969.37

    We can repay by 10% a year without incurring penalty fees. We pay £1074.94/ month - this includes an element of overpayment, but I'm not sure how much (we didn't reduce our monthly payments when we paid off £12500 after DH was made redundant the first time)

    My first step is going to be repaying Sub Account 03 We are with C&G, so I will phone them up about this. I can also afford to repay £4k to £5k from sub account 01, I think - but will leave that until after a meeting with our accountant (we are not sure yet exactly how much OH will be paid from the linited co)


    I'm kind of looking for advice/ ideas, I guess... Would posting an income/ expenditure budget be an idea?

    greent


    ETA: We don't have any other debts. CCs are used (Tesco ones for Clubcard points for rewards) but are paid off in full.
    Last edited by greent; 25-05-2010 at 11:41 AM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
Page 82
    • muddywhitechicken
    • By muddywhitechicken 24th Sep 17, 1:18 PM
    • 3,915 Posts
    • 35,985 Thanks
    muddywhitechicken
    Yes, that's very optimistic greent... I cut the grass on Friday afternoon and it's already visibly grown!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: <£30,000
    Current total overpayments: ~£128,250
    • greent
    • By greent 28th Sep 17, 12:14 PM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    Haha! Well, the grass cutting didn't happen in the end as the shower change was a disaster - cue ordering a new shower cubicle (when we find one - ours is discontinued, so can't go for straight like for like and we need a D shaped one as it's one a gable end wall - with limited width at highest point..... Need new tiles, some plaster board - and may as well get someone in to do it, I feel..... ho hum.....

    Grass didn't grow last winter here - and the piggies were on bare scraps of it come Spring!

    Sooooo.... other than shower-destroying and the non-grass cutting, not much is happening here at Green Towers :/ Have transferred £10 to BTL mtge this week (current account debit tidies (save the change, as Ll0yds call them) and £15 to kitchen fund (ebay - sale of a drawer from old fridge freezer) and £25 to DS3 from sale of toys. Washing & ironing are up straight (well, 1 load is on line as I type) and the house is a tip everywhere other than that. Am just not feeling it this week - everything is an effort and I'm mega tired. Really looking forward to half term holiday - hopefully some major r&r time for us all!

    Aside from that grump, all is well. Some Xmas shopping has been done. The crème de mures is half done (will finish at weekend) and I'm hopeful of getting some pay from invigilating job #1 this month (yeay for money! - although it's already all allocated!!)

    Will aim to be in a better frame of mind next time
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • Karmacat
    • By Karmacat 30th Sep 17, 9:34 AM
    • 29,440 Posts
    • 168,979 Thanks
    Karmacat
    Am just not feeling it this week - everything is an effort and I'm mega tired. Really looking forward to half term holiday - hopefully some major r&r time for us all!

    Aside from that grump, all is well. Some Xmas shopping has been done. The crème de mures is half done (will finish at weekend) and I'm hopeful of getting some pay from invigilating job #1 this month (yeay for money! - although it's already all allocated!!)

    Will aim to be in a better frame of mind next time
    x
    Originally posted by greent
    All of us have grumpy days! Take care ...

    Save
    Retired August 2016
    • brizzledfw
    • By brizzledfw 1st Oct 17, 9:46 AM
    • 7,267 Posts
    • 35,711 Thanks
    brizzledfw
    Hope next week is a bit better. Know what you mean...we can't wait for end of October and they have only been back 4 weeks

    X
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • CathT
    • By CathT 1st Oct 17, 1:04 PM
    • 5,618 Posts
    • 39,192 Thanks
    CathT
    This half term is a long one isn't it. I was saying to a friend earlier that the month has flown yet our holiday (came home 3 weeks ago) feels like so long ago.

    I do like the idea of shopping from the loft. Thankfully we are gifted various bundles of clothes/school uniform so like yourself just need to fill in the gaps.

    Hope your energy returns, maybe some Autumnal sunshine would help.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • smallholdingsister
    • By smallholdingsister 1st Oct 17, 5:28 PM
    • 3,601 Posts
    • 30,207 Thanks
    smallholdingsister
    Here's hoping your pizazz returns! xxx
    • greent
    • By greent 3rd Oct 17, 12:44 PM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    Am feeling somewhat better now Payday last Fri - all money shuffles have been done - and we are definitely cash poor this month! Still, we'll be fine - I'm going to resist transferring any money back!

    Small OP to BTL today - am very much liking it being back on online banking so I can check it obsessively! We've been OPing it less than a year and I can see the difference. This time next year OH's car will be fully repaid (can't wait!) and then all systems go! (assuming no disasters.....)

    In other news - we have 4.5litres of crème de mures!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • smallholdingsister
    • By smallholdingsister 3rd Oct 17, 2:56 PM
    • 3,601 Posts
    • 30,207 Thanks
    smallholdingsister
    Yum! Kir time?
    • greent
    • By greent 7th Oct 17, 9:34 AM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    I don't plan on touching any of it myself until Xmas (I rarely drink - I can honestly say my alcohol consumption is nil most weeks) but have a bottle ready for best neighbour & some bottled up for Xmas gifts (thought that DS3's teachers (job share) could have a small bottle each, along with a bottle of prosecco (we have half a dozen bottles of prosecco untouched in garage which people keep giving it us - we'll only drink max 2 over Xmas/ NY)

    Grey, dismal day here. Should hopefully dry up, but I don't think it's going to particularly warm up. DS3 has a swimming lesson in an hour and then my mum is meant to be taking him and DS2 to Slimbridge WWT with my aunty and my cousin's 2 boys (similar ages to my smallest 2) - will need to persuade boys they need warm coats on for there!

    Off out for a curry with friends tonight - should be good DS1 is looking after the smalls

    Money news - had renewal through for house insce @ £428 - got improved cover with a well-known 5* defaqto rated co for £341 + £80 cashback - decent result! Could have got cover for £190 with higher excess and some lesser cover but prefer it this way. Plus it covers DD's belongings at uni - which saves us the cost of a separate insce policy for that (only c £50, but still a saving) And paid premium on M&S cc, so should gain a few reward points too

    Small flebay sale literally just made, so will transfer rounded up net amount to kitchen fund Also need to post DD's glasses off to her at the same time - the dopey girl left them here! She cooked fakeaway Nand0s for her and bf last night - that's my girl!

    Rent due from tenants this week, so will then be able to make another reasonable OP to mtge - definitely slow going, but over £6k capital paid off since this time last year, so not to be sniffed at Also spent £2k on electrical works there earlier this year (still need to get boxed in cabling chased in - didn't realise the electricians would do that - but need tenants to be away on hols as it is very messy work and kitchen will be out of action for much of the week (chasing it in to hard black cinder-block walls takes ages, then replastering, letting it dry and then repainting) OH is more than capable of doing it - but need him to be at home at the same time tenants are away. Tradesmen aren't interested in it as it's such a piece-meal job - few hours one day, few hours the next, couple of days gap, then painting (an hour or two tops) - I can get someone to do it, but at a heavy premium price as they want 3.5-4 full days pay - which I totally understand the reasoning behind, but am not prepared to pay. Tenants aren't keen on the boxing, but I did say that it's far better to have ugly boxing and it all be safe and legally compliant than the previous flat walls hiding unsafe, illegal wiring. Plus it's only the kitchen and it does run straight along skirting boards and along the upstand of the worktop. (I'm sure I'd dislike it too - but I'd prefer knowing it was safe)

    Other than that - 2 weeks today - we'll be flying to Portugal - yeay!!!!!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • Karmacat
    • By Karmacat 8th Oct 17, 10:00 AM
    • 29,440 Posts
    • 168,979 Thanks
    Karmacat
    Portugal, lovely! Make sure you have some of those Portuguese tarts they did on Bake Off this week
    Retired August 2016
    • greent
    • By greent 12th Oct 17, 11:03 AM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    Did a long post yesterday but laptop decided to randomly restart before I'd finished it so I lost it - and cba-ed to do it again!

    Quicker post this morning before tackling some overdue-housework

    Shall definitely have some of those little custard tarts whilst we're in Portugal, kc - they're yummy!

    Oldest pig (4) has been to vet this week she hasn't been herself and has lost weight and had some scabby fur/ bald patches. No mites, but a possible skin flare up, so a short course of antibiotics, daily bathing with hibiscrub (antiseptic solution) and see how she goes. They're at the g-pig boarding place whilst we're away - who use the same vets as us and are an amazing place, so I have no real concerns. Wasn't a bad price at £41 for the time (took about 20 mins) and antibs/ hibi too

    Smallest child is currently away on a school residential trip (y4) - form yesterday until tomorrow afternoon. He was terribly excited! Thankfully, his wobbly tooth fell out a couple of days ago, so no need for delayed tooth fairy visits! Taking him away from the equation made for a very calm evening - was just me and DS2 until 8.15, as DS1 was helping at an evening event at school. Was quite surprised at just how much difference it made!

    Rent is in, so it has been mostly sent as an OP to BTL mtge Next month will see us down in another K bracket always a good feeling And have sent just over £300 to kitchen fund this week

    Right - can't put it off any longer - time to get on and clean....
    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • Karmacat
    • By Karmacat 13th Oct 17, 10:01 AM
    • 29,440 Posts
    • 168,979 Thanks
    Karmacat
    Ug, cleaning - hope its gone well. And hope the piggy is doing fine

    But blimey yes, minus one child, even though much loved, and things get quieter even when they're grownups visiting my sister when her daughter is there is one thing. Visiting when her son is there as well is a completely different experience

    Save
    Retired August 2016
    • greent
    • By greent 20th Oct 17, 10:23 PM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    Very quick post

    Have date for kitchen fit (late Jan) and have paid deposit

    It's half term here and am off to bed - we're up again at 3am to go to the airport - suitcases are already in car, just phones/ tablets/ chargers to pack in hand luggage and then we're good to go!
    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • newgirly
    • By newgirly 21st Oct 17, 12:08 AM
    • 6,360 Posts
    • 43,959 Thanks
    newgirly
    Enjoy your hols
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • EatingTheElephant
    • By EatingTheElephant 21st Oct 17, 7:08 AM
    • 1,311 Posts
    • 7,155 Thanks
    EatingTheElephant
    Have a wonderful time on holiday
    • apple muncher
    • By apple muncher 21st Oct 17, 8:21 AM
    • 7,473 Posts
    • 56,286 Thanks
    apple muncher
    Happy holiday! Have a lovely relaxing, warm time x
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: £2334; 2
    018 sell £49.10; WLOSW /10

    Mortgage £20,809 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • smallholdingsister
    • By smallholdingsister 21st Oct 17, 9:05 AM
    • 3,601 Posts
    • 30,207 Thanks
    smallholdingsister
    Have a great time!
    • greent
    • By greent 26th Oct 17, 4:30 PM
    • 7,152 Posts
    • 72,772 Thanks
    greent
    Quick check in from Portugal - lazy day today in villa

    My sis has had her baby whilst we've been out here : - was due 11th Nov but due to several complications she had him 2 days ago by c-section. He weighs a very healthy 9lb 7!!! Will go and see them when we are back

    Very relaxing week out here with very low spends (not intentionally). We fly back Sat lunchtime and should be home by teatime, all being well. It looks chilly at home - I can see the heating going on when we get back!!

    Tenant had an issue with drains just before we came out - I didn't feel it was fair that I picked up the whole bill so contacted the management co for the street - result is it's being shared between the 4 properties who directly use that drain - Great news as far as I'm concerned!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • newgirly
    • By newgirly 27th Oct 17, 7:59 AM
    • 6,360 Posts
    • 43,959 Thanks
    newgirly
    Glad the holiday is going well. Congratulations to your sister, 9lb 7 that early -what a whopper! Enjoy you baby cuddles when you return
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • apple muncher
    • By apple muncher 27th Oct 17, 8:36 AM
    • 7,473 Posts
    • 56,286 Thanks
    apple muncher
    Wow - two and a half weeks early and 9lb 7! My dd was 7lb 1- at 15 days late! Congrats to your sister x

    The clocks go back Sat night, so you'll all get an extra hour to get used to the damp and chilliness...
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: £2334; 2
    018 sell £49.10; WLOSW /10

    Mortgage £20,809 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
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